Fairtree Asset Management Pty Ltd Has $4.02 Million Position in Qualcomm Incorporated $QCOM

Fairtree Asset Management Pty Ltd lifted its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 42.7% during the fourth quarter, Holdings Channel reports. The fund owned 23,525 shares of the wireless technology company’s stock after acquiring an additional 7,039 shares during the quarter. Qualcomm accounts for 1.9% of Fairtree Asset Management Pty Ltd’s holdings, making the stock its 12th largest position. Fairtree Asset Management Pty Ltd’s holdings in Qualcomm were worth $4,024,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of QCOM. Greykasell Wealth Strategies Inc. raised its holdings in Qualcomm by 1.5% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock valued at $686,000 after acquiring an additional 61 shares in the last quarter. Certified Advisory Corp boosted its position in shares of Qualcomm by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after purchasing an additional 62 shares during the last quarter. ProVise Management Group LLC grew its holdings in Qualcomm by 2.6% during the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after purchasing an additional 64 shares during the period. Baker Tilly Wealth Management LLC increased its holdings in shares of Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after acquiring an additional 64 shares in the last quarter. Finally, Dakota Community Bank & Trust NA increased its position in shares of Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after acquiring an additional 65 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Down 3.9%

Qualcomm stock opened at $195.61 on Wednesday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $247.90. The stock has a market cap of $206.17 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 25.22 and a beta of 1.49. The firm’s 50-day simple moving average is $149.89 and its 200 day simple moving average is $157.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.During the same period in the previous year, the business posted $2.85 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts predict that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Qualcomm Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is currently 38.70%.

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the transaction, the executive vice president directly owned 28,184 shares in the company, valued at approximately $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $172.00, for a total value of $33,024.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 18,477 shares of company stock valued at $3,268,316. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark lifted their price target on shares of Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Evercore set a $179.00 price objective on Qualcomm in a research note on Thursday, April 30th. DZ Bank downgraded Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 price objective for the company. in a research report on Friday, May 8th. Oppenheimer downgraded shares of Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. Finally, Robert W. Baird set a $300.00 price objective on shares of Qualcomm in a research report on Friday, May 1st. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and an average target price of $181.79.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.